Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Announces Quarterly Dividend of $0.10

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) declared a quarterly dividend on Thursday, March 12th. Investors of record on Tuesday, March 31st will be given a dividend of 0.10 per share by the real estate investment trust on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 15.1%. The ex-dividend date of this dividend is Tuesday, March 31st.

Cherry Hill Mortgage Investment has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Cherry Hill Mortgage Investment has a payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cherry Hill Mortgage Investment to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 67.8%.

Cherry Hill Mortgage Investment Trading Down 1.3%

CHMI stock opened at $2.65 on Friday. Cherry Hill Mortgage Investment has a 1-year low of $2.17 and a 1-year high of $3.67. The stock has a 50-day moving average price of $2.63 and a 200-day moving average price of $2.57. The firm has a market cap of $97.18 million, a PE ratio of -20.35 and a beta of 1.03.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Cherry Hill Mortgage Investment had a net margin of 7.28% and a return on equity of 16.21%. The business had revenue of $11.76 million during the quarter, compared to the consensus estimate of $2.45 million. On average, analysts forecast that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current year.

Cherry Hill Mortgage Investment Company Profile

Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.